Do You See Yourself as a Sophisticated Investor?

Who should get to invest in deals that aren’t available to the general public?

That is a question the Securities and Exchange Commission will have to address in the next year or so. Private offerings—everything from energy partnerships or shares in your community bank to hedge funds—can sometimes yield lucrative returns, but their financial disclosure is limited, they can be almost impossible to trade and you can lose ungodly amounts of money if something goes wrong.

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